Tungsten Corporation plc provided earnings guidance for the second half and full year ended April 30, 2015. For the year, the company expects the unaudited financial results for the financial year to be above the Board's expectations at the time of the announcement of the company's interim results, as the company continues the global roll-out of its products and services.

Revenues for the second half of the year are expected to be higher than budget and show good progress compared with the first half of the year, driven by accelerating the addition of new buyers and suppliers on the Tungsten Network. As a result, full year revenues are anticipated to be ahead of the market's expectation of £22.5 million. The higher revenues, combined with lower than forecast costs in the second half of the year, are expected to result in a smaller loss for the full year than the market's expectation of £31.2 million.